The New England Conservatory of Music

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2022 Undergraduate Tuition
$54,210
2.81% growth from 2021
2022 Average Net Price
$53,162
After Financial Aid
2019 Default Rate
0.769%
on Student Loans
2022 Acceptance Rate
37.5%
815 Applicants
2022 Enrolled Students
796
94.1% Full-Time
2022 Graduation Rate
82.1%
96 Graduates

About

The New England Conservatory of Music is a higher education institution located in Suffolk County, MA. In 2022, the most popular Bachelors Degree concentrations at The New England Conservatory of Music were Stringed Instruments (28 degrees awarded), Jazz & Jazz Studies (18 degrees), and Keyboard Instruments (17 degrees).

In 2022, 218 degrees were awarded across all undergraduate and graduate programs at The New England Conservatory of Music. 50.5% of these degrees were awarded to women, and 49.5% awarded men. The most common race/ethnicity group of degree recipients was white (83 degrees), 3.46 times more than then the next closest race/ethnicity group, asian (24 degrees).

The median undergraduate tuition at The New England Conservatory of Music is $54,210, which is $39,269 more than the national average for Special Focus Institutions ($14,942).

Costs

In 2022, the median undergraduate tuition at The New England Conservatory of Music is $54,210, which is $39,269 more than the national average for Special Focus Institutions ($14,942).

After taking grants and loans into account, the average net price for students is $53,162.

In 2022, 91% of undergraduate students attending The New England Conservatory of Music received financial aid through grants. Comparatively, 29% of undergraduate students received financial aid through loans.

Tuition Costs

$54,210
2022 Undergraduate Tuition

In 2022, the cost of tuition at The New England Conservatory of Music was $54,210. The cost of tuition at The New England Conservatory of Music is $39,269 more than than the overall (public and private) national average for Special Focus Institutions ($14,942).

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Average Net Price

$53,162
2022 Value
38.4%
1 Year Growth

In 2022 The New England Conservatory of Music had an average net price — the price paid after factoring in grants and loans — of $53,162. Between 2021 and 2022, the average net price of The New England Conservatory of Music grew by 38.4%.

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Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Other Student Expenses

$18,060
Room and Board
$500
Books and Supplies

The average yearly cost of room and board at The New England Conservatory of Music was of $18,060 in 2022. The cost of room and board increased by 5.86% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $500. The cost of books and supplies did not change during the same period.

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Financial Aid by Income Level

91%
Undergraduates Receiving Financial Aid through Grants
29%
Undergraduates Receiving Financial Aid through Loans

91% of undergraduate students at The New England Conservatory of Music received financial aid through grants or loans in 2022. This represents a decline of 1.09% with respect to 2021, when 92% of undergraduate students received financial aid.

This chart compares the average award discount at The New England Conservatory of Music (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
0.769%
2019 Default Rate
1
Number of Defaults

In 2019 the default rate for borrower's at The New England Conservatory of Music was 0.769%, which represents 1 out of the 130 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Admissions

The New England Conservatory of Music received 815 undergraduate applications in 2022, which represents a 14.4% annual growth. Out of those 815 applicants, 306 students were accepted for enrollment, representing a 37.5% acceptance rate.

There were 796 students enrolled at The New England Conservatory of Music in 2022.

The New England Conservatory of Music has an overall enrollment yield of 15.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

37.5%
Acceptance Rate in 2022
306
Accepted Out of 815

In 2022, the undergraduate acceptance rate of The New England Conservatory of Music was 37.5% (306 admissions from 815 applications). This is lower than the acceptance rate of 2021, which was 43.3%. Between 2021 and 2022, the number of applicants grew by 14.4%, while admissions declined by −25.7%..

This chart compares the acceptance rate of The New England Conservatory of Music (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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Enrollment

The New England Conservatory of Music had a total enrollment of 796 students in 2022. The full-time enrollment at The New England Conservatory of Music is 749 students and the part-time enrollment is 47. This means that 94.1% of students enrolled at The New England Conservatory of Music are enrolled full-time.

The enrolled student population at The New England Conservatory of Music, both undergraduate and graduate, is 36.1% White, 12.3% Asian, 4.27% Two or More Races, 2.39% Hispanic or Latino, and 1.88% Black or African American.

Students enrolled at The New England Conservatory of Music in full-time Undergraduate programs are most commonly White Male (22.4%), followed by White Female (15.9%) and Asian Male (6.8%). Students enrolled in full-time Graduate programs are most commonly White Male (19.2%), followed by White Female (14.4%) and Asian Female (5.3%).

Full-Time vs Part-Time Enrollment

94.1%
Full-Time Enrollment

The total enrollment at The New England Conservatory of Music in 2022, both undergraduate and graduate, is 796 students. The full-time enrollment at The New England Conservatory of Music is 749 and the part-time enrollment is 47. This means that 94.1% of students enrolled at The New England Conservatory of Music are enrolled full-time compared with 71.2% at similar Special Focus Institutions.

This chart shows the full-time vs part-time enrollment status at The New England Conservatory of Music (in red) compares to similar universities.

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Retention Rate over Time

93%
2022 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at The New England Conservatory of Music was 93%. Compared with the full-time retention rate at similar Special Focus Institutions (73%), The New England Conservatory of Music had a retention rate higher than its peers.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    287 enrolled students
  2. Asian
    98 enrolled students
  3. Two or More Races
    34 enrolled students

The enrolled student population at The New England Conservatory of Music is 36.1% White, 12.3% Asian, 4.27% Two or More Races, 2.39% Hispanic or Latino, and 1.88% Black or African American. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Special Focus Institutions is 42.1% White, 19.3% Hispanic or Latino, and 14.1% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 7 students (0.879%) did not report their race.

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Graduates

In 2022, 2 more women than men received degrees from The New England Conservatory of Music. The most common race/ethnicity group of degree recipients at The New England Conservatory of Music is white (83 degrees awarded). There were 3.46 times more white recipients than the next closest race/ethnicity group, asian (24 degrees).

The most common Bachelor's Degree concentration at The New England Conservatory of Music is Stringed Instruments (28 degrees awarded), followed by Jazz & Jazz Studies (18 degrees) and Keyboard Instruments (17 degrees).

In 2022,  the most specialized majors across all degree types at The New England Conservatory of Music, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Visual & Performing Arts (218 degrees awarded).

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at The New England Conservatory of Music are Graphic designers (92,580 people), Elementary & middle school teachers (79,338 people), Other managers (75,955 people), Other designers (56,534 people), and Postsecondary teachers (55,898 people).

The most specialized majors at The New England Conservatory of Music in 2022 are Visual & Performing Arts (218 degrees awarded) (as of 2022).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at The New England Conservatory of Music are Physicians, Surgeons, Magnetic resonance imaging technologists, Economists, and Dentists

The most specialized majors at The New England Conservatory of Music are Visual & Performing Arts (218 degrees awarded) (as of 2022).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at The New England Conservatory of Music are Elementary & secondary schools (175,537 people), Colleges, universities & professional schools, including junior colleges (120,978 people), Computer Systems Design (72,111 people), Specialized design services (58,214 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (47,269 people).

The most specialized majors at The New England Conservatory of Music are Visual & Performing Arts (218 degrees awarded) (as of 2022).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by The New England Conservatory of Music.
Most Common (2022)
  1. 25 degrees awarded
  2. 15 degrees awarded
  3. 14 degrees awarded

In 2022, the most common masters degree concentration at The New England Conservatory of Music was Jazz & Jazz Studies with 25 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from masters degree programs at The New England Conservatory of Music according to their major.

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Sex Breakdown for Common Majors

108
Degrees Awarded to Men
in 2022
110
Degrees Awarded to Women
in 2022

In 2022, 108 degrees were awarded to men at The New England Conservatory of Music, which is 0.982 times less than the number of degrees awarded to females (110).

This chart displays the sex disparity between the top 5 majors at The New England Conservatory of Music by degrees awarded.

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Most Common Male Majors

In 2022, 29 degrees were awarded to men at The New England Conservatory of Music in Jazz & Jazz Studies, which is 1.81 times more than the 16 female recipients with that same degree.

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Most Common Female Majors

In 2022, 29 degrees were awarded to men at The New England Conservatory of Music in Stringed Instruments, which is 1.45 times more than the 20 male recipients with that same degree.

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Time to Complete

53%
100% Completion Time
71%
150% Completion Time

In 2022, 53% of students graduating from The New England Conservatory of Music completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 71% completed their degrees within 150% of the normal time, and 76% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at The New England Conservatory of Music is Male and Asian (100% graduation rate). Across all Special Focus Institutions, Asian Female students have the highest graduation rate (73.2%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 4.17% of graduates (4 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    83 degrees awarded
  2. Asian
    24 degrees awarded
  3. Two or More Races
    8 degrees awarded

The most common race/ethnicity at The New England Conservatory of Music is white (83 degrees awarded). There were 3.46 times more white recipients than the next closest race/ethnicity group, asian (24 degrees).

1.83% of degree recipients (4 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Male
    45 degrees awarded
  2. White Female
    38 degrees awarded
  3. Asian Female
    14 degrees awarded

The most common race/ethnicity and sex grouping at The New England Conservatory of Music is white male (45 degrees awarded). There were 1.18 times more white male recipients than the next closest race/ethnicity group, white female (38 degrees).

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Operations

The New England Conservatory of Music has an endowment valued at nearly $138M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−7.88%) compared to the 0.21% average return (24.5k on 11.6M) across all Special Focus Institutions.

In 2022, The New England Conservatory of Music had a total salary expenditure of 52.2M. The New England Conservatory of Music employs 128 No academic ranks. Most academics at The New England Conservatory of Music are Male No academic rank (83), and Female No academic rank (45).

The most common positions for non-instructional staff at The New England Conservatory of Music are: Management, with 52 employees, Office and Administrative Support, with 14 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 13 employees.

Endowment

$138M
2022 Endowment
10.6%
decline from 2021

The New England Conservatory of Music has an endowment valued at about $138M, as of the end of the 2022 fiscal year. The endowment of The New England Conservatory of Music declined 10.6% from the previous year. The value of their endowment was $127M higher than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

This line chart shows how the endowment at The New England Conservatory of Music (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Special Focus Four-Year: Arts, Music & Design Schools Carnegie Classification grouping.

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Salary Expenditure

$25.9M
2022 Salaries
5.64%
growth from 2021

In 2022, The New England Conservatory of Music paid a median of $25.9M in salaries, which represents 49.6% of their overall expenditure ($52.2M) and a 5.64% growth from the previous year.

The median for similar Special Focus Institutions is 3.17M (40.8% of overall expenditures).

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Instructional Salaries

$9.16M
Instructional Salaries
128
Number of Employees

In 2022, The New England Conservatory of Music paid a total of $9.16M to 128 employees working as instructors, which represents 35.4% of all salaries paid.

This is compared to a median of $975k (30.7%) for similar Special Focus Institutions.

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Occupations by Share

No academic rank
Most Common Instructor
128 Employees
Management
Most Common Non-Instructional Employee
52 Employees

In 2022, the most common positions for instructional staff at The New England Conservatory of Music was No academic rank with 128 employees.

In 2022, the most common positions for non-instructional staff at The New England Conservatory of Music were Management with 52 employees, Office and Administrative Support with 14 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 13 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Male No academic rank
  2. Female No academic rank

In 2022, the most common demographic for instructional staff at The New England Conservatory of Music was Male No academic rank with 83 employees, and Female No academic rank with 45 employees.

This chart shows the sex split between each academic rank present at The New England Conservatory of Music.

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